Bill, what's going in your love life lately? Did you get your wife out of HOMS too?
>13:06 ET Cell Thrptics (CTIC) 29.90 +0.68 (+2.3%): Reports that Trisenox induces substantial, sustained remission rates in patients with relapsed or refractory leukemia.
12:45 ET Volume : Solid volume on today's session as the Nasdaq has already turned 1.05 billion shares while the NYSE has 705 million total shares traded.
12:38 ET PeopleSoft (PSFT) 33.96 +1.08 (+3.3%): -- Technical -- This one has a good looking intermediate to longer term chart with two caveats: 1) it's overbought on the near-term indicators and 2) it faces formidable resistance just overhead. Look for solid resistance in the range of 34.27-34.39 which brackets its 100 and 200-day simple moving averages. That area is followed by subsequent overhead in the area around 35.00 which formerly served as support. To the downside, look for initial support at 33.00 followed by additional support in the range of 31.55 to 31.85.
12:21 ET i2 Tech (ITWO) 6.72 +0.57 (+9.4%): -- Update -- Company's CEO comments on software market at Merrill Lynch conference; indicated that pipeline conversion remains an issue but there seems to be a bit of a pickup in the pipeline activity; discussed moving into the mid-market which could lead to incremental activity in the near term.
12:18 ET FleetBoston (FBF) 36.28 +0.58 (+1.6%): Rumor resurfaces that FBF is in play. Wells Fargo (WFC) mentioned as possible interested party. Similar buzz was in the market in September, including report in Business Week that Citigroup, HSBC Holdings, Wells Fargo could be interested in making a run at the company.
12:15 ET Sector Watch: Semiconductors : Chip and chip equipment names have served as a drag on the Nasdaq with the SOX currently lower by 0.4% on the session. Though sector leader Intel (INTC +1.5%) has managed to hold in positive ground, less fortunate names include: PMC Sierra (PMCS -3.4%), Altera (ALTR -3.9%), Applied Micro Circuits (AMCC -2.2%), Applied Materials (AMAT -0.7%), Novellus Systems (NVLS -0.6%) and KLA-Tencor (KLAC -0.8%).
12:12 ET Aquila Energy (ILA) 17.84 -0.15 (-0.8%): UtiliCorp United (UCU 29.96 -0.04) plans to acquire the remaining 20% of ILA shares it does not already own. Offer values ILA at approx. $20.69 per share, based on yesterday's closing price for UCU. Exchange ratio is 0.6896-to-1... UCU spun-off company in April through an IPO; deal priced at $24. Both stocks halted, news pending.
12:05 ET Restoration Hrdwr (RSTO) 4.40 +0.44 (+11%): Shares of troubled retailer experiencing pop on news company has secured $17.5 mln in financing through the sell of common stock at $3.90 per share. RSTO says financing not critical for 2002 plans, rather strengthens balance sheet. Company targeting a return to profitability in fiscal 2002... volume 121K.
11:47 ET i2 Tech (ITWO) 6.65 +0.50 (+8.1%): Announced that Ford Motor Company (F) has implemented i2's design and content solutions for its global component management system, providing access to more than 7,000 Ford engineers and designers.
11:30 ET Index Watch : The Dow beginning to show signs of relative weakness after making a sharp move higher following the first hour of trading. The blue chip index has just edged into negative territory which is weighing on the Nasdaq as well. Market internals on the NYSE are neutral to slightly bearish while Nasdaq internals remain bullish, at least for the time being.
11:13 ET CIENA Corp (CIEN) 16.61 +0.37: -- Update -- Robertson Stephens makes positive comments on CIEN; believes that the deal with AFN Communications announced this morning should ensure company makes its numbers this quarter.
11:04 ET CACI Intl (CACI) 69.85 -2.42 (+3.6%): Ticking higher following announcement this morning of a 2-for-1 stock split, payable Dec 6.
10:40 ET Nasdaq Composite : -- Technical -- Trading has been choppy this morning with the index in and out of positive territory. Look for initial resistance in the area of 1845/1847 which approximates its 100-day simple moving average as well as today's intraday high. To the downside, look for initial support around 1829 which represents the upper end of its 20-day Bollinger bands. Look for that level to be followed by subsequent support in the range of 1817/1820.
10:38 ET DigitalThink (DTHK) 9.40 +1.41 (+17.7%): E-learning stock sharply higher after company reports that it has expanded its customer relationship with EDS. Deal calls for DTHK to deliver English language and localized versions of DigitalThink catalog courseware, EDS-developed custom courses and soft skills courses to more than 140,000 EDS employees around the globe... volume 97K.
10:18 ET Mercury Computer (MRCY) 47.01 +0.56 (+1.2%): Company selected by Lockheed Martin's (LMT) Naval Electronics & Surveillance Systems division to supply its commercial off-the-shelf products for use in the U.S. Marine Corps Air Surveillance and Precision Approach Radar Control System.
10:12 ET Acambis (ACAM) 32.70 +2.49 (+8.2%): -- Update -- Gaps up after being mentioned in NY Times article. According to publication, Secretary of Health Tommy Thompson estimated that procuring 246 mln doses of smallpox vaccine would cost more than $509 mln more than he previously predicted. Article says that two rounds of contract talks have narrowed the field of potential suppliers from 10 to 3 -- Merck, Glaxo-SmithKline and Acambis.
09:58 ET Market Movers : NVIDA (NVDA +3%) rallies to new all-time high ahead of tomorrow's earnings report... Land's End (LE +13%) pops on strong earnings and Goldman upgrade... Myriad Genetics (MYGN +5.5%) and Panera (PNRA +7%) climbing after posting stronger than expected quarterly results.
09:53 ET Vasogen Inc (MEW) 5.90 +0.23 (+4%): Company announces strategic alliance with Quest Diagnostics (DGX) to jointly commercialize Vasogen's immune modulation therapy in the U.S. As part of the agreement, DGX will make a$7.5 mln equity investment in Vasogen and is subject to milestone payments.
09:43 ET Sector Watch : Biotech (+0.6%), Oil Services (0.5%), and Healthcare (+0.3%) are demonstrating relative strength in early trading.
09:36 ET Alpharma (ALO) 27.70 unch (delayed): SG Cowen downgrades to NEUTRAL from Buy after company reports disappointing results.
09:25 ET American Intl (AIG) 82.85: Stock indicated about 2 pts lower this morning; traders citing announcement of a $1 bln convertible note offering by the company.
09:21 ET Secondary Offerings : Stericycle (SRCL 51.79) prices 2.725 mln share secondary at $51.50... Alamosa Holdings (APCS 14.82) prices 4.8 mln offering at $14.75 a share.
09:17 ET Gapping Up/Down : GNVC +18.5% (reports positive Phase I data), GCOR +12% (extends supply agreement with P&G), ACAM +6% (Health and Human Services Secretary Thompson expected to request more funds for small pox vaccines), GLGC +3.5% (JPM upgrade), PNRA +3.5% (tops estimates, raises guidance)... Gapping Down: QCOM -5.7% (estimates lowered after disappointing results), NGEN -5.5% (UBS downgrade), AMCC -3% (cautionary comments by analysts).
09:06 ET Boise Cascade (BCC) 29.25: JP Morgan upgrades to BUY from Mkt Perform with a $35 target; says recent conference call with management should allay concerns of a large acquisition; likes company's exposure to uncoated free sheet.
09:01 ET Opening Indications : The tone of the market is still negative but the pre-market indicators have worked off the worst levels of the morning. Currently the S&P 500 futures are 5 points below fair value, the Nasdaq 100 futures are 10 points below fair value while the Nasdaq 100 PMI is off 15.16 points.
09:01 ET SkillSoft (SKIL) 24.71: Thomas Weisel downgrades to BUY from Strong Buy; says recent due diligence indicates some delays in shift toward eLearning. Firm trims FY02 to $0.03 from $0.05 and rev est to $13.5 mln from $15.3 mln. FY03 goes to $0.55 from $0.65 and to $62.1 mln from $70.3 mln.
08:56 ET ATMI (ATMI) 17.75: Company prices previously announced $100 mln convertible offering.
08:54 ET Genvec (GNVC) 2.95: Reports that the first clinical trial data for its lead oncology product candidate showed that TNFerade caused tumor shrinkage at the lowest doses in Phase I trials.
08:47 ET Varian Medical (VAR) 68.84: DB Alex. Brown upgrades to STRONG BUY from Buy; cites what appears to be accelerating momentum in core business; says that free-standing cancer reimbursement is expected to double in 2002.
08:47 ET Applied Micro (AMCC) 13.04: JP Morgan says AMCC's Analyst Day reinforces firm's confidence in its negative view on the stock.
08:40 ET Expeditors Intl (EXPD) 46.89: JP Morgan downgrades to LT BUY from Buy following earnings report. Lowers price target to $60 from $65.
08:33 ET Spectrum Caps : The FCC will hold a meeting at 9:30 ET tomorrow morning at which the first item to be discussed is spectrum caps; both Robertson Stephens and Salomon Smith Barney believe that the FCC will at least increase the cap, with an eventual lifting of the cap coming later. Both firms see this as a precursor to wireless consolidation; Robbie expects the industry to consolidate to about 4 national carriers.
08:32 ET Economic Data : Q3 Productivity rose 2.7%, better than the 2.0% consensus. Though encouraging, there will be skepticism that this pace of productivity growth can be sustained in coming quarters due to the need to devote productive energy toward security issues.
08:32 ET Optical Comm (OCPI) 3.71: CSFB downgrades to HOLD from Buy. Based on current biz trends and revised guidance, firm lowering Q1 est to ($0.01) from $0.02 and rev to $7 mln from $14 mln. For 2002, EPS goes to ($0.03) from $0.06 and rev to $29.7 mln from $59.1 mln.
08:25 ET Chico's FAS (CHS) 26.30: Reports a 6.5% increase in October same-store sales. Due to higher than expected marketing costs and store expenses, company lowers Q3 earnings outlook to $0.31-$0.32 (consensus $0.33).
08:21 ET Symantec (SYMC) 62.00: Company issues release stating that it plans to reiterate Q3 and FY02 revenue and earnings guidance at a presentation at the Goldman Sachs Software Retreat. For Q3, company sees EPS of $0.60-$0.70 on rev of $260-$270 mln (consensus $0.64 and $262 mln). Sees 2002 of approx. $2.30 and $1.02 bln (consensus $2.30 and $1.006 bln)... Given that company priced a $525 mln convertible deal just 3 weeks ago, not surprising that guidance is being maintained.
08:18 ET Symbol Techs (SBL) 14.51: ABN AMRO upgrades to BUY from Hold with a price target in the low $20s; interpret's Cisco's (CSCO) comments on retail enterprise spending, wireless LANs, and mobile computing as encouraging for SBL; views stock as an early cycle play.
08:13 ET API Data : UBS Warburg says that with total crude oil and product inventories increasing to their highest levels since August, this week's API data will further reinforce the bearish sentiment toward crude and product prices and refining margins; crude inventories rose 3.7 mln bbls, gas -0.7 mln bbls, distillate +1.5 mln bbls.
08:11 ET Dynacare (DNCR) 13.45: Reports Q3 net of $0.11 a share, $0.02 better than consensus, vs yr-ago EPS of $0.08. Revenues increased 9% to $102 mln.
08:10 ET Nanogen (NGEN) 8.20: UBS Warburg downgrades to HOLD from Strong Buy and cuts target to $7.25 from $10; says adoption of NGEN's technology is being hampered by the lack of applications currently available; cuts FY02 revenue estimate to $10 mln from $23 mln.
08:05 ET Opening Indications : Additional minor weakness seen in the pre-market indicators. Currently the S&P 500 is 6 points below fair value and the Nasdaq 100 futures are 13 points below fair value.
08:04 ET StorageNetworks (STOR) 5.65: Company and defunct Exodus Communications reaffirm cooperative business relationship and resolved all outstanding financial matters between the companies. Exodus has agreed to assume all material contracts between the companies. The agreement ensures that the parties' joint customers will continue to receive uninterrupted storage services.
08:00 ET Gene Logic (GLGC) 14.20: JP Morgan upgrades to Buy from LT Buy on anticipation of new deal flow through year end. Firm sets price target of $18, or 18x 2002 rev of $62.7 mln.
07:58 ET CIENA Corp (CIEN) 16.24: UBS Warburg analyst Nikos Theodosopoulos maintains HOLD rating but cuts price target to $19 from $24 and reduces FY02 estimate to $0.28 from $0.60; Multex consensus for FY02 is $0.45.
07:54 ET Genencor (GCOR) 12.12: Signs a 5-yr worldwide supply contract with Procter & Gamble (PG) to provide protease enzymes for laundry and dish detergents. The agreement, estimated to be worth up to $600 mln in product revenues, extends the companies' almost two-decade-long relationship.
07:53 ET TRICON Global (YUM) 52.40: Lehman downgrades to BUY from Strong Buy as stock hits price target and P/E is now in line with peers.
07:51 ET Lands' End (LE) 35.74: Goldman Sachs upgrades to MKT OUTPERFORM from Mkt Perform following earnings report. Q3 net of $0.41 a share was well ahead of firm's $0.19 estimate, driven by sharp gross margin improvement and stronger top-line results. Raises FY01 to $2.06 from $1.59 and FY02 to $2.27 from $1.75.
07:50 ET Nokia (NOK) 23.06: CSFB comments that UK company Carphone Warehouse is indicating substantial weakness in some European markets in the run-up to Christmas, with UK likely to see handset volumes at only 40% of last year's level. CSFB believes that NOK's goal of roughly a 35% year/year decline in Europe will be difficult to achieve as a result and that company will have to lower revenue guidance with its Dec 11 update.
07:45 ET Linear Tech (LLTC) 44.02: Morgan Stanley downgrades to NEUTRAL from Outperform based on valuation and belief that material upside from current levels will be difficult to sustain until visibility improves.
07:44 ET Merrill on Telecom Capex : Merrill Lynch revises forecasts for US service provider capital expenditures; now sees total capex (wireline and wireless) falling 12% in 2001 and 20% in 2002; also extends forecasts to 2003 -- sees an additional 6% decline which should represent the base off of which capex can finally grow again.
07:41 ET Intl Game Tech (IGT) 55.25: Merrill Lynch upgrades to near-term BUY from Accumulate with a $68 price target; says company will be major beneficiary of proliferation of gaming in the US and internationally; has increased confidence in its FY02 estimate of $3.20.
07:37 ET Maxim Integrated (MXIM) 54.16: Morgan Stanley downgrades to NEUTRAL from Outperform based on valuation. Although results came in $0.01 above consensus and in-line with firm's estimate, current valuation suggests material upside in the stock may be difficult to sustain until visibility improves.
07:36 ET Power-One (PWER) 10.23: Banc of America Sec cautious on PWER following 2-day rally of 23% prompted by Cisco report; believes buying is premature, as firm believes there was not much good news for PWER in the Cisco report; OEMs will need to work through inventory before PWER begins again selling in volume to Cisco or any other comm equipment makers.
07:32 ET Opening Indications : This morning's fair value figures -- S&P 500 fair value: 1120, closed 1 pt above fair value. Nasdaq 100 fair value: 1527, closed 10 pts above fair value. Current indications: S&P 500 futures are -6.80, or 5.8 pts below fair value. Nasdaq 100 is -19.5, or 9.5 pts below fair value... Seeing some profit-taking after strong run yesterday and in reaction to QCOM disappointing results.
07:23 ET E*TRADE (ET) 7.20: Robertson Stephens upgrades to STRONG BUY from Buy based on 1) positive trends in retail equity trading, 2) early success of the newly acquired market maker and 3) record mortgage originations. Firm has a 12-month price target of $10.
07:21 ET Agere Systems (AGR.A) 5.40: UBS Warburg initiates coverage with a BUY rating and 12-month target of $9. Believes company's combination of product portfolio and market and financial position make Agere a long-term survivor in the sector.
07:15 ET UtiliCorp Utd (UCU) 30.00: Reports Q3 net of $0.58 a share, $0.02 better than consensus, vs yr-ago EPS of $0.80. Sales rose 16% to $9.3 bln. Still on track for 15% full-yr earnings growth.
07:11 ET Panera Bread (PNRA) 42.82: Reports Q3 net of $0.20 a share, $0.01 better than consensus, vs yr-ago EPS of $0.12. System-wide sales increased 50% to $127.8 mln. Raises 2002 outlook to $1.22 (mean $1.15), representing a 40% increase over the 2001 target.
07:05 ET QUALCOMM (QCOM) 54.73: ABN AMRO trimming estimates following company's earnings report; reduces FY02 to $1.08 from $1.24; introduces FY03 est of $1.22. Says rev came in 5% below firm's expectations, netting out rev recognition change. While views results as positive given economic environment, sees QCOM shares coming under pressure near-term due to 1) accounting change, 2) assumption of Vesper control and 3) expectation that consensus will come down to around $1.10 from the previous $1.22.
06:59 ET Jack In The Box (JBX) 24.50: Posts Q4 earnings of $0.50 a share, $0.01 better than consensus, vs yr-ago EPS of $0.51. JBX sees Q1 earnings of $0.60-$0.61 (mean $0.60) and reaffirms full yr outlook of $2.18.
06:46 ET Lehman Brothers (LEH) 65.35: WSJ reports that investment bank Lazard LLC held informal talks to be acquired by Lehman before the Sept attacks. According to people familiar with the matter, valuations or management control was never discussed, and no deal is imminent.
06:41 ET Hewlett-Packard (HWP) 19.81: Company's Board members issue statement, with the exception of Walter B. Hewlett, that it is fully committed to HP leadership and the Compaq (CPQ) transaction. Statement follows reports yesterday that the influential Hewlett family, which maintains a 5% stake in HWP, is opposed to the merger.
06:36 ET Celera Genomics (CRA) 25.03: Enters collaboration with Inpharmatica Ltd to jointly develop and commercialize a new version of Inpharmatica's Biopendium target and drug discovery platform.
06:31 ET U.S. Markets : S&P futures trading at 1114, 6.0 points below fair value, Nasdaq 100 futures trading at 1523, 4.0 points below fair value. The 10-year bond is up 8 ticks at 4.222%. The dollar is weaker against both the euro and the yen.
06:30 ET European Markets : FTSE -0.22%, DAX +0.67% -- European stocks mixed. Early Fed-induced rally failed to hold. Bank shares underperforming, while media has also been hit hard. Autos providing some reprieve however, on the back of better than expected third quarter profits from BMW. Oil stocks still under pressure thanks to bearish API data. OPEC talk of an aggressive production cut not helping much. Markets focused on tomorrow’s ECB meeting.
06:30 ET Asian Markets : Nikkei -3.28%, Hang Seng -0.83% -- Asian stocks mixed. Japan hit hard on banking sector weakness. Disappointing earnings from Qualcomm also weighed heavily on shares such as Kyocera. Taiwan closed 1.8% higher however on rate cut expectations and a removal of investment restrictions on China. SK Telecom dragged Korea lower on the back of a 7% decline in third quarter profits.
Tuesday After the Close
19:43 ET Bob Evans (BOBE) 20.34 +1.35: Company issues upside preannouncement for Q2 (Oct); expects EPS of $0.47 vs. multex consensus of $0.43; also expects EPS of $1.60-1.65 vs. Multex consensus of $1.55 for FY02 (Apr); also announced that same-store sales in "core" restaurants for Oct. increased 1.8% from a year ago.
18:28 ET Alpharma (ALO) 27.70 +0.40: Reports Q3 (Sep) earnings of $0.33 per share, $0.11 worse than the Multex consensus of $0.44; revenues fell 0.9% year/year to $247.5 mln vs the $277.8 mln consensus; also warns for Q4 (Dec); expects an EPS loss of $0.15 vs. Multex consensus of $0.31; has also decided to signifigantly reduce its animal pharmaceutical U.S. sales team.
18:16 ET Lamar Advertising (LAMR) 33.21 +0.14: Reports Q3 (Sep) loss of $0.25 per share, $0.03 better than the Multex consensus of ($0.28); revenues rose 1.9% year/year to $188.3 mln vs the $181.5 mln consensus; also issues upside preannouncements for Q4 (Dec) and FY01 (Dec); expects revenues of $178 mln and $729 mln vs. Multex consensus of $171.2 mln and $717.8 mln, respectively.
18:03 ET QUALCOMM (QCOM) 54.73 +1.65: -- Update -- Fiscal 2002 estimates are based on sales of 85-95 mln CDMA phones in calendar 2002 and a 10% annual decrease in average selling prices of CDMA phones...stock at 50.55.
17:59 ET QUALCOMM (QCOM) 54.73 +1.65: -- Update -- Company expects revenue growth of 15%-25% and pro forma EPS of $1.10-$1.20. Before SepQ (fiscal Q4) earnings report, Multex consensus had been for sales growth of 22% in fiscal 2002 (ending Sep), but Multex consensus for EPS was $1.25. Keep in mind that in SepQ, QCOM adopted the new accounting rules under SAB 101, so it's unclear if analysts' expectations had taken this into account....stock at 50.44.
17:56 ET Rare Hospitality (RARE) 19.51 -0.48: Company announces the appointments of two new vice presidents; John M. Martin was promoted to Vice President of Operations for The Capital Grille and Harry T. Day was hired as Vice President of Marketing for RARE Hospitality.
17:50 ET QUALCOMM (QCOM) 54.73 +1.65: -- Update -- Company says it expects shipments of 15-16 mln MSM phone chips in DecQ, up from 13 mln in SepQ. The DecQ estimate includes approximately 6-7 mln of the higher margin 1X MSM phone chips....on balance sheet, company has $2.6 bln in cash/inv with zero LT debt....stock at 50.47.
17:44 ET QUALCOMM (QCOM) 54.73 +1.65: -- Update -- On conference call, company stresses that the shortfall on EPS was entirely due to lower than expected interest on carrier loans. Company did not accrue interest on loans to Pegaso, an operator in Mexico, which is in discussions with a third party for a potential sale/merger....In general, Briefing.com views items below the operating income line as less important and not a part of the company's day-to-day business...stock at 50.42.
17:27 ET After Hours Indications : The late session tone is mixed. S&P futures at 1120, trade even with fair value while the Nasdaq 100 after hours indicator is lower by 7.8 points.
17:19 ET After Hours Movers : Prices vs 4 pm ET close... QCOM -3.33 has just reopened for trading and is getting hammered on earnings that missed the Street. Sector peers RFMD -0.88, TQNT -0.93 and OPWV -0.26 selling off in sympathy.
17:13 ET Lands' End (LE) 35.76 +1.82: Reports Q3 (Oct) earnings of $0.41 per share, $0.23 better than the Multex consensus of $0.18; revenues rose 3.8% year/year to $376.1 mln vs the $366.0 mln consensus.
17:05 ET Braun Consulting (BRNC) 3.95 +0.20: Reports Q3 (Sep) loss of $0.05 per share, $0.01 worse than the Multex consensus of ($0.04); revenues fell 17% year/year to $17.8 mln vs the $18.2 mln consensus; company warns for Q4 (Dec); sees net loss in the range of $0.06-$0.08 per share versus the current consensus estimate of $0.04 per share.
17:01 ET After Hours Indications : The late session tone is essentially flat. S&P futures at 1120, trade even with fair value while the Nasdaq 100 after hours indicator is lower by 2.5 points
16:55 ET Qualcomm Reaction : Prices vs 4 pm ET close... QCOM has yet to trade in the late session after missing the consensus and warning for the upcoming quarter. Wireless related issues experiencing initial sell pressure include: RFMD -0.68, TQNT -0.84 and OPWV -0.20.
16:51 ET QUALCOMM (QCOM) 54.73 +1.65: -- Update -- Reports Q4 earnings of $0.23 per share, $0.02 worse than the consensus estimate; reports Q4 revenues of $682 million versus the consensus estimate of $694.7 mln; warns for Q1; expects earnings in the range of $0.21-$0.24 per share versus the current consensus estimate of $0.27 per share.
16:46 ET After Hours Movers : Prices vs 4 pm ET close... MXIM +0.14 edging higher on earnings that beat the consensus by a penny. HTCH -0.84 selling off after missing the consensus by five cents. DOX +1.16 bidding up on quarterly results that edged the consensus by a penny.
16:42 ET Univision Comms (UVN) 28.11 +0.68: Reports Q3 (Sep) earnings of $0.04 per share excluding a charge and $0.03 including the charge; the Multex consensus was $0.06 though it is unclear which number is comparabel; revenues rose 4.6% year/year to $221.7 mln vs the $214.2 mln consensus; warns for fiscal 2001; expects revenues in the range of $854-$859 mln versus the current consensus estimate of $902 mln.
16:35 ET Polo Ralph Lauren (RL) 22.84 +0.89: Reports Q2 earnings of $0.52 per share, $0.01 better than the consensus estimate; reports Q2 revenues of $595.7 mln versus the consensus estimate of $589.8 mln; company warns for Q3 (Dec); expects earnings in the range of $0.42-$0.46 per share versus the current consensus estimate of $0.48 per share.
16:31 ET UNUM Corp (UNM) 24.77 +0.25: Reports Q3 (Sep) earnings of $0.61 per share, $0.02 better than the Multex consensus of $0.59; revenues rose 2.6% year/year to $2.39 bln vs the $2.35 bln consensus; announces that it has reached an agreement in principle to settle the shareholder class action litigation; the company has agreed to pay $45 million to settle all claims; apart from a $1 million deductible, the entire amount will be covered by the company's insurance carriers.
16:26 ET Optical Comm (OCPI) 3.71 +0.71: Reports Q4 (Sep) $0.03 per share, $0.01 better than the Multex consensus of $0.02; revenues fell 54.6% year/year to $14.9 mln vs the $14.9 mln consensus; warns for Q1; expects revenues in the range of $7-$9 mln versus the current consensus estimate of $16.6 mln.
16:21 ET Service Corp (SRV) 6.08 -0.01: Reports Q3 (Sep) earnings of $0.02 per share, in line with the Multex consensus of $0.02; revenues fell 5.3% year/year to $583.0 mln vs the $557.7 mln consensus; no formal guidance issued with report.
16:19 ET Amdocs Limited (DOX) 27.95 +0.20: Reports Q4 (Sep) earnings of $0.35 per share, $0.01 better than the Multex consensus of $0.34; revenues rose 31.9% year/year to $415.4 mln vs the $416.3 mln consensus; authorizes the repurchase of up to 11 million shares, or approximately 5% of the company's outstanding common stock.
16:17 ET Netopia (NTPA) 4.70 -0.15: Reports Q4 (Sep) loss of $0.10 per share, $0.01 better than the Multex consensus of ($0.11); revenues fell 14.3% year/year to $17.1 mln vs the $18.3 mln consensus.
16:13 ET Natus Medical (BABY) 4.85 -0.43: Reports Q3 (Sep) loss of $0.06 per share, $0.01 better than the Multex consensus of ($0.07); revenues fell 4.9% year/year to $6.3 mln vs the $6.3 mln consensus; no formal guidance issued with report.
16:12 ET Maxim Integrated (MXIM) 54.16 +3.21: Reports Q1 (Sep) earnings of $0.17 per share, $0.01 better than the Multex consensus of $0.16; revenues fell 43.3% year/year to $239.4 mln vs the $237.5 mln consensus; "order patterns stabilized early in the first quarter and increased as the quarter progressed. While we are encouraged by the increase in order rates, we remain cautious about our short-term revenue outlook."
16:08 ET Hutchinson Tech (HTCH) 21.87 +0.65: Reports Q4 (Sep) loss of $0.43 per share, $0.05 worse than the Multex consensus of ($0.38); revenues fell 18.1% year/year to $95.1 mln vs the $98.3 mln consensus; expects to operate "at close to breakeven" for the first quarter of fiscal 2002; specifically sees operating results ranging from a net loss of $2.5 million to a net profit of $1.2 million, or a net loss per share of $0.10 to a net profit per share of $0.05 -- consensus is for a net loss of $0.17 per share. |
